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EMR's Martabe gold mine in Indonesia draws interest from several buyers

EMR Capital has received several unsolicited inquiries from interested buyers for the company's majority-owned Martabe gold mine in Indonesia, Reuters reported Aug. 3.

"There is, however, no formal sale process ongoing," the company told Reuters in an email.

The company did not provide any valuation for the asset, but according to a financial source, Martabe is valued at a big premium to the price it was last bought for.

EMR led a consortium of buyers that acquired a 95% interest in Martabe from G-Resources Group Ltd. for US$775 million, including assumed debt, in March 2016.